PPP Loan Data — Moon-Mcmanus Commercial Construction, Greenville, SC
Moon-Mcmanus Commercial Construction
Entity: Limited Liability Company (LLC)
Location: Greenville, SCTweet This • Search All PPP Data
Moon-Mcmanus Commercial Construction is a limited liability company (LLC) located at 3654 S Highway 14 in Greenville, South Carolina that received a Coronavirus-related PPP loan from the SBA of $25,107.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of Travelers Rest
Moon-Mcmanus Commercial Construction in Greenville, SC received a Paycheck Protection Loan of $25,107 through Bank of Travelers Rest, which was approved in January, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Moon-Mcmanus Commercial Construction's 2019 payroll expenses are estimated to be at least $120,514.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,129 per employee1
Reported PPP Proceed Usage:
On the PPP application, Moon-Mcmanus Commercial Construction reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,107
Business Information - Moon-Mcmanus Commercial Construction in Greenville, SC
3654 S Highway 14
Greenville, SC 29615
New Multifamily Housing Construction (except For-Sale Builders)
NAICS code 236116
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Greenville
In the Greenville area, 2 businesses in the "New Multifamily Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $17,576 (compared to this company's $25,107).
Similar Nearby Businesses Who Received PPP Funding:
Emanuel Contractors LLC
Industry PPP Comparison Statistics
Nationwide, 13,259 businesses in the "New Multifamily Housing Construction (except For-Sale Builders)" industry received a total of $1.11B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 8 employees, 100% higher than Moon-Mcmanus Commercial Construction's reported 4 employees, and received an average PPP loan of $83,412, 232% higher than this company's loan of $25,107.
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Footnotes & Information
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